Panoro Energy ASA - Announces Transactions Made Under the Company's Share Buyback Program

25 Oct 2024 18:18 CEST

Oslo, 25 October 2024 - Panoro Energy ASA ("Panoro" or the "Company") (OSE: PEN)
initiated a share buyback program on May 23, 2024 to repurchase up to NOK 100
million in value of the Company's common shares in open market transactions on
the OSE pursuant to an agreement with Arctic Securities AS.

For the period from and including 21 October through 25 October 2024, Panoro
purchased a total of 20,000 shares at an average price of NOK 27.6352 per share.
The transactions effected through the agreement with Arctic comprise all the
transactions effected by or on behalf of the Company during the period.

Transaction overview

+-------------+-------+---------+-----------------+-----------------------+
|Date |Trading|Volume |Weighted average |Total daily cumulative |
| |Venue | |share price (NOK)|transaction value (NOK)|
+-------------+-------+---------+-----------------+-----------------------+
|22 Oct 24 |OSE |3,500 |27.9167 |97,708 |
+-------------+-------+---------+-----------------+-----------------------+
|23 Oct 24 |OSE |3,500 |27.7992 |97,297 |
+-------------+-------+---------+-----------------+-----------------------+
|24 Oct 24 |OSE |3,500 |27.6684 |96,839 |
+-------------+-------+---------+-----------------+-----------------------+
|25 Oct 24 |OSE |9,000 |27.4588 |260,859 |
+-------------+-------+---------+-----------------+-----------------------+
|Period total |OSE |20,000 |27.6352 |552,703 |
+-------------+-------+---------+-----------------+-----------------------+
|Previously |OSE |1,241,500|32.0299 |39,765,159 |
|disclosed buy| | | | |
|-backs | | | | |
|under the | | | | |
|programme | | | | |
|(accumulated)| | | | |
+-------------+-------+---------+-----------------+-----------------------+
|Program total|OSE |1,261,500|31.9603 |40,317,862 |
+-------------+-------+---------+-----------------+-----------------------+

The issuer's holding of own shares: 1,261,500

Following the completion of the above transactions, Panoro owned a total of
1,261,500 of its own shares, corresponding to 1.08% of Panoro's share capital.

Appendix:

An overview of all transactions made under the Company's repurchase program
and its agreement with Arctic Securities that have been carried out during the
above-mentioned time period is attached to this report and available at
www.newsweb.no.

Contact information

For further information, please contact: investors@panoroenergy.com

About Panoro

Panoro Energy ASA is an independent exploration and production company based in
London and listed on the main board of the Oslo Stock Exchange with the ticker
PEN. Panoro holds production, exploration and development assets in Africa,
namely interests in Block-G, Block S and Block EG-01 offshore Equatorial Guinea,
the Dussafu Marin License offshore southern Gabon, the TPS operated assets, Sfax
Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia, and
onshore Technical Co-operation Permit 218 in South Africa.

Visit us at www.panoroenergy.com.

Follow us on LinkedIn (https://www.linkedin.com/company/panoro-energy)

More information:
Access the news on Oslo Bors NewsWeb site

630460_PEN_Appendix_Buyback_transactions_list_21_Oct_25_Oct_2024.pdf
630460_Panoro_Energy_ASA_Announces_Transactions_Made_Under_the_Company_s_Share_Buyback_Program.pdf